Owing to Covid-19 Pandemic, Decline in Tourism and Traditional Industries Keep Expanding
2020/07/10
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Owing to Covid-19 Pandemic, Decline in Tourism and Traditional Industries Keep Expanding
Source: UDN
July 10, 2020
The COVID-19 pandemic keeps dealing a heavy blow to the economy. Yesterday, the National Development Council (NDC) delivered a report to the Cabinet, pointing out that although the government had deployed bailout and revitalization measures in advance, some industries were still suffering as a result of the serious global pandemic, such as traditional industries and tourism-related industries.
The NDC indicated that the export of products in traditional industries still kept declining, with the exports of chemicals in Q2 declining by 21.3% from a year earlier, the exports of plastics and rubber products in Q2 declining by 19.9% from a year earlier, and the exports of the machinery industry declining for two consecutive quarters.
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